instant credit transfer — a credit transfer which is executed immediately, 24 hours a day and on any calendar day ‘(1a)

instant credit transfer — an instant credit transfer as defined in Article 2, point (1a), of Regulation (EU) No 260/2012, that is in euro and cross-border. (*4) Regulation (EU) No 260/2012 of the European Parliament and of the Council of 14 March 2012 establishing technical and business requirements for credit transfers and direct debits in euro and amending Regulation (EC) No 924/2009 (OJ L 94, 30.3.2012, p. 22) (1)

LEI — a unique alphanumeric reference code based on the ISO 17442 standard assigned to a legal entity (1f)

name of the payee — in respect of a natural person, the name and surname and, in respect of a legal person, the commercial or legal name (1d)

participant — borrowed from another act; this instrument states no meaning of its own Article 4

payment account — borrowed from another act; this instrument states no meaning of its own ‘(5)

payment initiation channel — any method, device or procedure through which payers can place payment orders with their PSP for a credit transfer, including online banking, a mobile banking application, an automated teller machine, or in any other way on the premises of the PSP (1b)

payment initiation service provider — borrowed from another act; this instrument states no meaning of its own (1c)

retail payment system — a payment system the main purpose of which is to process, clear or settle credit transfers or direct debits which are primarily of small amount, and that is not a large-value payment system ‘(22)

targeted financial restrictive measure — an asset freeze imposed on a person, body or entity or a prohibition on making funds or economic resources available to a person, body or entity, or for its benefit, either directly or indirectly, pursuant to restrictive measures adopted in accordance with Article 215 TFEU (1e)